HOME BUYERS IT’S TIME 2 FEAST ON A FINE CUT OF RATES!

T-bone, porterhouse, sirloin….mmmmmm. We all love a good cut especially when it’s fresh from the RBA who last week served us with a .25 % interest rate cut! Yum.

Most of the big boys have passed on the saving which means that it’s time 2 get ur teeth stuck into the real estate market while the rates r so appetizing.

The cut in the Reserve’s cash rate from 4.75 to 4.50 per cent will take Westpac’s standard variable mortgage rate to 7.61 per cent and the Commonwealth Bank’s to 7.56 per cent, slicing $49 from the monthly payment on a $300,000 loan.

NAB today said it would trim its standard variable lending rate by 20 basis points to 7.47 per cent, effective from Monday, November 7.
The move fell short of its rivals’ offerings. ANZ Bank this morning joined Westpac and Commonwealth Bank in passing along in full the RBA’s interest rate cut to customers.

& so with rates sitting at a very scrumptious level, now is most certainly a great time to sink your teeth into the real estate market. Whispers about town indicate that rates will be cut again when the RBA holds it’s next meeting in December.

Eat ‘em up folks!